Is 19023, PA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 19023 is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 19023 was a Seller's Market.

Key Takeaway

19023 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 19023, PA

How much do homes in 19023, PA cost?

Median Sold Price

$180,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+5.9%)

Key Takeaway

Homes in 19023 have sold for 5.9% more than they did a year ago.

Summary: The median home sold price in 19023 was $180,000 in November 2024, up 5.9% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $80K-
N/A
2 $115K$134K
+16.5%
3 $170K$180K
+5.9%
4 $216K$233.5K
+8.1%
5+ $140K$187K
+33.6%

Summary: 19023 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 33.6%.

Median Sold Price Compared To Nearby Zip Codes

19050
+18.2%
19079
+8.1%
19142
+7.9%
19023
+5.9%
19018
+5.0%

Housing Supply in 19023, PA

How many homes are available in 19023, PA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6779+17.9%

Summary: The 19023 real estate market had 79 homes for sale in November 2024, a 17.9% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 45
+25.0%
3 5056
+12.0%
4 1015
+50.0%
5+ 33
0.0%

Summary: The 19023 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 12%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1711-35.3%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 19023, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.

Summary: A total of 11 homes were sold or pending in 19023 in November 2024, down by 35.3% month-over-month. Of the 11 sold homes, 18% were sold under asking, 55% were sold at asking, and 27% were sold over asking.

Days on Market for 19023, PA

How long does it take to sell a home in 19023, PA?

Average Sale Time

Nov 2023Nov 2024CHANGE
36 Days33 Days-10.1%

Summary: Homes in 19023 had an average of 33 days on market in Nov 2024, down by 10.1% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 19023 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 11 homes were sold in 19023; 64% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 22 Days Ago

Newest Listings in 19023, PA

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